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Jun 16, 2013
06/13
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andn a good economy, it helps us get a job. the's a reason that tuition continues to ris parents and kidsee there's a real value to having a degree by your name. i think we've got to recognize it's not the education. we get something entirely different of vlue from going to college. >> mike, there's another reason why collegeuition is going up, and that's the government, right? >> well, that's ght. first of all, it sound like john and i shared the same type of college experience. but yes, you'rebsolutely rig. the reason why fewer graduates are earning a return onheir investment or their parents' investment is because government subsidies have raised the tuition of college. and at the same time, david, this is the worst economic recovery we've had snce the depression. so it's haer to earn that return. >> but steve forbes, even if a down economy, and we a growin at anemic rates, the mart still provides some answers, doesn't it? >> it does, david. and what we have here says more about our dysfunctional government than it does abou
andn a good economy, it helps us get a job. the's a reason that tuition continues to ris parents and kidsee there's a real value to having a degree by your name. i think we've got to recognize it's not the education. we get something entirely different of vlue from going to college. >> mike, there's another reason why collegeuition is going up, and that's the government, right? >> well, that's ght. first of all, it sound like john and i shared the same type of college experience....
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Jun 19, 2013
06/13
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CNBC
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if market does well when the economy does well. this is just a short-term thing of people addicted to sugar, get them off the sugar, they'll be fine. >> do you think job growth is strong enough? the last four reports, the average growth rate has been about 194,000 jobs. chairman bernanke was suggesting, you know, he's throwing out the caveat that we're talking about a timetable of starting the tapering later this year, assuming that that kind of job growth continues. do you think it will? >> i think, actually, he's doing better, if you look at the household survey, which means it's small businesses that may be more robust than we think. this whole premise that the federal reserve is helping the economy by doing what it's doing, i think needs to be closely re-examined. it's sent credit to things like fannie and freddie, from the federal government to big companies, but it also means that it's been a slow trickle of credit until recently, to smaller businesses, which are the real job creators in this economy. and you look at insuranc
if market does well when the economy does well. this is just a short-term thing of people addicted to sugar, get them off the sugar, they'll be fine. >> do you think job growth is strong enough? the last four reports, the average growth rate has been about 194,000 jobs. chairman bernanke was suggesting, you know, he's throwing out the caveat that we're talking about a timetable of starting the tapering later this year, assuming that that kind of job growth continues. do you think it will?...
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Jun 16, 2013
06/13
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FBC
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. >> yeah, i think this is ver good for the economy. i think this is reflecting the fact thatore employed amerins are feelin confident about jobptions and we're starting to see that mobility take shape. i think this is also being seen in our current unemployment re. it's ticked up to 7.6% last month. and that's because more americans are feeling confident to go back into the jobs market fter recor numbers dropped out. i also think it's goodecause we'reing unemployed, the long-term unemployed number. people unemoyed six mths or longer, that number's dropped by about a million as well. >> steve, pe aren't feeling good about the economy. only 18% tnk it's doing well. 82% think it is fair or poorer. >> that's right. and pick your number, david. the fact of the matter is, this is a sloppy labor market, sloppy economic recovery. it's like a baseball player hitting .250. some games he'll look like he's babruth. others like he couldn't get beyond t-ball and little league. a very sluggish economy. >> rick, you have to use a baseball analogy. goo
. >> yeah, i think this is ver good for the economy. i think this is reflecting the fact thatore employed amerins are feelin confident about jobptions and we're starting to see that mobility take shape. i think this is also being seen in our current unemployment re. it's ticked up to 7.6% last month. and that's because more americans are feeling confident to go back into the jobs market fter recor numbers dropped out. i also think it's goodecause we'reing unemployed, the long-term...
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Jun 19, 2013
06/13
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CNBC
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they are all coming down. >> no, i think the economy is fine. i mean, remember the amount of fiscal drag. look at real consumer spending, growing at about a 2% to 3% pace in the first half of the year. that's great if you're bringing the deficit down. we've got a lot of fiscal drag and the economy is dealing with that. i think we're seeing good numbers on housing. i think we're seeing good numbers on consumer spending. everything is not right in business or manufacturing, i get that, there's a lot of weakness in the world economy, but overall the economy is absorbing a huge amount of fiscal draug drag right now. i think it's powering through that, and i think it's actually got less to worry about.right n. i think it's powering through that, and i think it's actually got less to worry about. >> it's a very big footprint. >> something that's very important to remember. >> just to reiterate, there's no explicit indication from the fed that it's close to scaling back its bond-buying program. bob pisani, the markets have been moving lower on this. cu
they are all coming down. >> no, i think the economy is fine. i mean, remember the amount of fiscal drag. look at real consumer spending, growing at about a 2% to 3% pace in the first half of the year. that's great if you're bringing the deficit down. we've got a lot of fiscal drag and the economy is dealing with that. i think we're seeing good numbers on housing. i think we're seeing good numbers on consumer spending. everything is not right in business or manufacturing, i get that,...
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Jun 23, 2013
06/13
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FBC
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we have lot was federal entities telling us that stimulus and it makes the economy groechlt they say we are safer here. i continuing is an embarrassment and sends a message around the worl that the champion of liberty is move nothing the wrong direction and a bad step for the united states. >> steve, isn't there a dger of sitting back and letting the government decide >> one of the legitimate functions of government is protectings from external enemies and e constitutiowas written by framers who unrstood that governments that protect you can abuse you. take it out on the government. rich hit on something. if the company has in writing certain ord or request and the statute is cited, the company is obligged to do it. if you don't like the law change the law. >> we want to stop thead guy companies can stop the government saying we are getting a ton of lawsuits on our doorsteps and in india, they are allowing tax officials with access to google d facebook data. >> the irs is different. >> india is pressuring to have government officials on-site at research in motion. >> by the way, hold
we have lot was federal entities telling us that stimulus and it makes the economy groechlt they say we are safer here. i continuing is an embarrassment and sends a message around the worl that the champion of liberty is move nothing the wrong direction and a bad step for the united states. >> steve, isn't there a dger of sitting back and letting the government decide >> one of the legitimate functions of government is protectings from external enemies and e constitutiowas written...
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Jun 17, 2013
06/13
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it's been five years since the meltdown wreaked havoc on the global economy. they detail their thesis in the newest institutional investor magazine. next is your asia group president ian bremmer. thanks for being here. >> hi, marie a. glad to be here. >> take us through what you deem to be the new abnormal. >> first, asian markets are doing most of the growing at coming out of the financial crisis, and they are much more uncertain, much more volatile. we see that. whether we talk about turkey or brazil, you've got two governments you thought were doing really well just having the worst week of their careers. a lot of uncertainty across the merging market much more than in the united states or japan or even europe structurally in the last five years. and at the global level, the lack of leadership we continue to see, if anything, it's becoming more obvious, more in evidence at the g-8 right now, making it incredibly difficult to either have agreements on things like syria and the middle east which continues to become much more explosive along sectarian lines, o
it's been five years since the meltdown wreaked havoc on the global economy. they detail their thesis in the newest institutional investor magazine. next is your asia group president ian bremmer. thanks for being here. >> hi, marie a. glad to be here. >> take us through what you deem to be the new abnormal. >> first, asian markets are doing most of the growing at coming out of the financial crisis, and they are much more uncertain, much more volatile. we see that. whether we...
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Jun 19, 2013
06/13
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what's your outlook on the american economy right now? >> i think we've not only seen stability in it, but i think sort of a brightening horizon, full. i think people are feeling more optimistic in it. i think it's, you know, harder if you get down into the blue collar part of it. i talk with our friends at walmart. i think they still see stress, you know, in -- in the economy in many of their customers. as you move up the economic scale, i think, you know, which is what leads -- tends to lead the economy, i think you see optimism. >> you've been a big supporter of president obama over the years. tod today is, of course, fed day. do you think president obama should keep ben bernanke around? >> you've gone beyond my pay grade. obviously we've had eight years of incredible leadership from him, and i think he's done a pretty remarkable job, put a very steady hand, to you know, over an economy that's had a very challenging period of time, and that's pretty historical in that regard so i'm not sure what the right answer is to that, but i think
what's your outlook on the american economy right now? >> i think we've not only seen stability in it, but i think sort of a brightening horizon, full. i think people are feeling more optimistic in it. i think it's, you know, harder if you get down into the blue collar part of it. i talk with our friends at walmart. i think they still see stress, you know, in -- in the economy in many of their customers. as you move up the economic scale, i think, you know, which is what leads -- tends to...
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Jun 20, 2013
06/13
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that the economy is stronger. and that it is a lack of confidence in the economy's ability a to stand on its two feet without all of this liquidity. >> and do you think this is old-fashioned profit taking? we've had good gains for 2013. we've had good gains for last four years. is it time to take something off the table for that reason. >> think i so. and a couple dayes with twloost days of run up with the announcement yesterday was short-covering. so i think you have people on the shore wagon as well. i think it is a combination of profits and the move down today. >> have you a triple witch tomorrow right? expiration coming tomorrow. how does that impact things? >> i think that exaggerates the moods. usually you see a lot of activity and volume and movement. and what we have seen the last few days is a heavy down days. i think the on coming combination exaggerate the move and puts pressure in that direction of the movement in this case down and exaggerate this move. not quite a bit but, significantly amount today
that the economy is stronger. and that it is a lack of confidence in the economy's ability a to stand on its two feet without all of this liquidity. >> and do you think this is old-fashioned profit taking? we've had good gains for 2013. we've had good gains for last four years. is it time to take something off the table for that reason. >> think i so. and a couple dayes with twloost days of run up with the announcement yesterday was short-covering. so i think you have people on the...
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Jun 17, 2013
06/13
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the economy. not market, but overall economy. why do you think they need to stay around for so long? >> well, i don't think they do. i just think they will. i think if you look at how they've been talking lately and how they've changed their tone, they're talking a little more about i inflation, another reason to keep providing stimulus. i don't think that's by accident. i'd also say that i think a lot of what you're hearing out of the fed is really just designed to increase uncertainty in the near term because what they don't really -- what they can't let happen is for the markets to price in the end game. they can't let the market price in when tapering ends. they don't care if people know when it begins. if people know when tapering ends, they can figure out the pathway and all the smart people i work with can price that the second after it happens. it will be too disruptive. >> that's why the market is even reacting to the idea that tapering is going to come at some point. it used to be that you'd react to the change in inter
the economy. not market, but overall economy. why do you think they need to stay around for so long? >> well, i don't think they do. i just think they will. i think if you look at how they've been talking lately and how they've changed their tone, they're talking a little more about i inflation, another reason to keep providing stimulus. i don't think that's by accident. i'd also say that i think a lot of what you're hearing out of the fed is really just designed to increase uncertainty...
SFGTV2: San Francisco Government Television
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Jun 17, 2013
06/13
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colleagues were able to pass a budget that solved san francisco start to reverse the tide in terms of our economy by reinstating additional revenue and supporting small businesses, enhancing our public safety by holding three police academy and one fire academy and starting to address our needs in terms of open space and pedestrian safety. the city is continuing our efforts and being fiscally responsible by for the first time in san francisco's history, passing a two-year budget which creates a better for all those interested in the budget, to see the path that we are laying down and having a five-year financial plan. that insurances the systematic prudent and fiscally responsible vision of the city. it is important for us to know what lies ahead, to better prepare the city to address the challenges of the future. but also to learn from what we have done before. i look forward to hearing from all of you today about what you think should be priorities of san francisco in district 7 and district 4. i strongly believe that putting all of our minds to the task we will get a better out come. i would l
colleagues were able to pass a budget that solved san francisco start to reverse the tide in terms of our economy by reinstating additional revenue and supporting small businesses, enhancing our public safety by holding three police academy and one fire academy and starting to address our needs in terms of open space and pedestrian safety. the city is continuing our efforts and being fiscally responsible by for the first time in san francisco's history, passing a two-year budget which creates a...
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Jun 17, 2013
06/13
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troops over there, so when does that mess over there start forcing gasoline prices higher and maybe the economy, not just here, but globally lower? sue is at the new york stock exchange. hi, sue. >> hi, ty. food to see you. when a monday on wall street to start out week. the dow has been on the move, smartly higher. right now a triple-digit advance on the dow right now of 166 points. the s&p and nasdaq also in green territory with the s&p up just better than 1%, and the nasdaq is up 1.25%, so actually the nasdaq is faring the west of the three indices 3-m, delphi a hitting all-time highs and boeing, staples, amat hitting 52-week highs. the dow having a triple-digit move, but this is the fifth straight move th session where we've seen that kind of move. a look at the vix and we'll talk about that in just a second. the last week it was up 8%, and that brings us to bob pisani who also tracks the volatility. >> we do, and while it's been up since may 22nd when mr. bernanke gave his congressional testimony, the important thing is steady as she goes. the last few days, real found a floor. look at the
troops over there, so when does that mess over there start forcing gasoline prices higher and maybe the economy, not just here, but globally lower? sue is at the new york stock exchange. hi, sue. >> hi, ty. food to see you. when a monday on wall street to start out week. the dow has been on the move, smartly higher. right now a triple-digit advance on the dow right now of 166 points. the s&p and nasdaq also in green territory with the s&p up just better than 1%, and the nasdaq is...
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Jun 20, 2013
06/13
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does it end up withdrawing the stimulus from the economy before the economy is ready and really the jury is out on just how strong growth is right now. >> earlier this week president obama seemed to signal that bernanke was going to leave. bernanke seemed to confirm that in his remarks yesterday. what are you hearing? >> i think the story is the president probably misspoke but probably was late more honest than he wanted to to be in the sense that i believe the market believes bernanke is leaving at the end of his term at the end of january next year. i think that's been the anticipation out there. the president really kind of confirmed that. he tried to walk back the idea that he was insulting and disrespecting bernanke, but they didn't in the background conversations walk back that bernanke is leaving. i don't know the market is incredibly spooked by that in that there seemed to be a number of people that could be considered that would probably continue the policies of the current chairman. >> steve leisman from cnbc headquarters, we appreciate it, thank you. >>> three naval academy fo
does it end up withdrawing the stimulus from the economy before the economy is ready and really the jury is out on just how strong growth is right now. >> earlier this week president obama seemed to signal that bernanke was going to leave. bernanke seemed to confirm that in his remarks yesterday. what are you hearing? >> i think the story is the president probably misspoke but probably was late more honest than he wanted to to be in the sense that i believe the market believes...
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Jun 17, 2013
06/13
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FOXNEWS
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the health care economy where everybody is doing really well, except maybe the nurses and doctors. but the people that sell the equipment, the people that make the drugs, the people that run the allegedly nonprofit hospitals are all making ridiculous amounts of money. >> so you mean the doctors who spend 12, sometimes 15 years just preparing to be a doctor are making less money? >> far less. unless they've gained the system to start a clinic or send patients or they consult for a drug company, they're not making the big bucks. the guys who make the cat scan equipment or, you know, the pharmaceutical sales, pharmaceutical executives, the hospital administrators, your local nonprofit hospital, without even knowing it, i can tell you that the guy who runs your local hospital in little rock makes well over a million and a half dollars a year. >> far more than any of the physicians are going to be making, who are saving people's lives, digging into their brains and -- >> and you know, of all of the people you want to get the most money for the system, it is the guy you're looking at whe
the health care economy where everybody is doing really well, except maybe the nurses and doctors. but the people that sell the equipment, the people that make the drugs, the people that run the allegedly nonprofit hospitals are all making ridiculous amounts of money. >> so you mean the doctors who spend 12, sometimes 15 years just preparing to be a doctor are making less money? >> far less. unless they've gained the system to start a clinic or send patients or they consult for a...
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Jun 16, 2013
06/13
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CSPAN2
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so we were number one anymore, blue number three against pretty dynamic economies. over the last 13 years, with now dropped down to number 18. when people ask what is wrong with the economy, why do we have such high unemployment? y has disposable income per capita basis, why is that decline in house over the last 10 years? the answer is right there. we are less free today than we were 13 years ago. as are economic freedom declines, government regulation increase, taxes increased, the engine that is the basis for our prosperity, which is business is lessened and prosperity is therefore declining as well. as economic freedom does not come so does prosperity. so if the business people are willing to speak up for free enterprise capitalism, we can expect economic freedom to continue to lesson in american press verity will continue to lesson as well. we are far from a free enterprise capitalist system anymore. we are moved towards a crony capitalistic system, where we've got a government and big business often times colluding with each other. the great example is the fis
so we were number one anymore, blue number three against pretty dynamic economies. over the last 13 years, with now dropped down to number 18. when people ask what is wrong with the economy, why do we have such high unemployment? y has disposable income per capita basis, why is that decline in house over the last 10 years? the answer is right there. we are less free today than we were 13 years ago. as are economic freedom declines, government regulation increase, taxes increased, the engine...
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Jun 20, 2013
06/13
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in fact, i think the economy -- the real economy where we spend our time is actually many a little stronger than the numbers show and, again, we talk about a few minutes ago housing is really important. housing has led every recovery to participate in a big way. even bigger than the numbers. housing punches its way because it affects people's attitude. also, ag is doing relatively well. energy. who would have guessed that we would be potentially -- >> peak oil, the whole notion of it, the notion of peak oil, you have 1,000 year's worth now if you take china's reserve and everyone's reserve. >> we have not hit peak hydrocarbon. >> what we know today, we think we have 100 years or so in the u.s. what we might know 20 years from now could be 500. >> the way the information is going, i'm looking at all of this. when computers start designing themselves and everything else, we're going to move on to something else. you didn't run out of stones. >> the key is, we have now figured how to extract it from different types of things. >> right. >> we know there's more energy in the things we can't get
in fact, i think the economy -- the real economy where we spend our time is actually many a little stronger than the numbers show and, again, we talk about a few minutes ago housing is really important. housing has led every recovery to participate in a big way. even bigger than the numbers. housing punches its way because it affects people's attitude. also, ag is doing relatively well. energy. who would have guessed that we would be potentially -- >> peak oil, the whole notion of it, the...
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Jun 20, 2013
06/13
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zee an economy going through withdrawal and some of the economy and it's not a lot of it was addicted to this cheap money. the reality is i like what the fed chairman did. he came out with this when the market was near its top. had he done that when the market was down 200 s&p point from here it might be a different story, but i like the fact that he's let a little of this fluff come off, and i'm a buyer of this break and with the withdrawal comes and aren't you supposed to have some positive feeling before you hit withdrawals? >> it's not only that. it's the policy itself that i'm objecting to. >> katie, welcome to the show. you've got to jump in. this is a rough crowd. you've got to jump in. i'd like it hear your take on today's market on the inerds of this market including gold which got slaughtered today and only the dollar held up nicely. what did you learn from looking inside the market whether it's trading volume or sectors in the s&p. what did you learn? >> a lot of things from today, in fact. it was a very important day in a lot of levels and volume was one thing that bears p
zee an economy going through withdrawal and some of the economy and it's not a lot of it was addicted to this cheap money. the reality is i like what the fed chairman did. he came out with this when the market was near its top. had he done that when the market was down 200 s&p point from here it might be a different story, but i like the fact that he's let a little of this fluff come off, and i'm a buyer of this break and with the withdrawal comes and aren't you supposed to have some...
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Jun 18, 2013
06/13
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do we see a better economy? or do we see the sequester take some oompf out of the economy in. >> there are two significant issues. number one, earnings have been good, but revenue growth is slowing. economic data is mixed. again, we have some manipulation in the economic numbers based on moving the fed's balance sheet from 500 billion to 3.4 trillion. i also think we have to be cognizant of the fact that investors still have not gained full confidence. they're still weary, they're still concerned. just take a look at a 10% drop in gold one day, or 8% drop in japan, which followed through to a total of 20% loss, and it shows you the first sign that investors get that things are not as good as expectations, or that there will be any type of pullback in the liquidity run, they'll go running for the hills. i'm not saying run out of equity. we love equity long term. there's too many ways to be -- too many reasons to be bullish on equity. but my point is second half stay disciplined. don't let those equity bounces in
do we see a better economy? or do we see the sequester take some oompf out of the economy in. >> there are two significant issues. number one, earnings have been good, but revenue growth is slowing. economic data is mixed. again, we have some manipulation in the economic numbers based on moving the fed's balance sheet from 500 billion to 3.4 trillion. i also think we have to be cognizant of the fact that investors still have not gained full confidence. they're still weary, they're still...
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Jun 19, 2013
06/13
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is it a recognition the economy might be better than we think? are we starting to work in the taper? why are rates going up? >> rates aren't going up, scott. they're sideways. they went up earlier and they went up to about 2.30% on the ten-year which we talked about a few weeks ago and since then they're just bouncing around. rates really aren't rising. they're going sideways, and i think actually rates are going to start falling. i think the place, the one place that you're likely to make money in the next several weeks, maybe couple of months, is actually, believe it or not, the most hated asset class on the planet, long-term u.s. government bonds. that's what i think is going to be the most successful investment, and looking at to the reach that conclusion is the fact that there is no inflation anywhere. there's no sign of inflation. when you look at the commodity market in particular, it really looks bad. i mean, look at where copper is. look at where gold is. look at where gold is in foreign currencies. i mean, it's hitting new lows in terms
is it a recognition the economy might be better than we think? are we starting to work in the taper? why are rates going up? >> rates aren't going up, scott. they're sideways. they went up earlier and they went up to about 2.30% on the ten-year which we talked about a few weeks ago and since then they're just bouncing around. rates really aren't rising. they're going sideways, and i think actually rates are going to start falling. i think the place, the one place that you're likely to...
113
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Jun 16, 2013
06/13
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FOXNEWSW
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wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. and didn't know where to start. used a contractor before at angie's list, you'll find reviews on everything from home repair to healthcare written by people just like you. no company can pay to be on angie's list, so you can trust what you're reading. angie's list is like having thousands of close neighbors where i can go ask for personal recommendations. that's the idea. before you have any work done, check angie's list. from roofers to plumbers to dentists and more, angie's list -- reviews you can trust. i love you, angie. sorry, honey. man: the charcoal went out already? ... forget it. vo: there's more barbeque time in every bag of kingsford original charcoal. kingsford. slow down and grill. >>> it has been a long time since we talked about americans coming home. after 444 days in captivity, new developments in their journey for justice now, in negotiating for their release, then president jimmy carter signed a trea
wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. and didn't know where to start. used a contractor before at angie's list, you'll find reviews on everything from home repair to healthcare written by people just like you. no company can pay to be on angie's list, so you can trust what you're reading. angie's list is like having thousands of close neighbors where i can go ask for personal...
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107
Jun 15, 2013
06/13
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CNBC
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>> encore cost nearly $2.3 billion, a risky bet in a bad economy. why, in this economic environment, would you open a hotel? >> well, i'll tell you right now that if i had any idea this-- i wouldn't, if i had a choice, but this project was started four years ago. these things have a huge lead time. >> the gambling industry has been battered by the recession and taken the city of las vegas down with it. some casinos stand half built. unemployment is over 10%. and while steve wynn has had to slash employees' pay and lower room prices, he plows ahead, doing whatever it takes to get customers to his new hotel. >> this is encore. [dramatic orchestral music] ♪ >> and, yes, he really was sitting on top of the building. >> next time, we do this in the lobby. >> the encore is connected to his other las vegas hotel, the wynn, and he has a third in macau, china. inside, his hotels are fantasy lands for well-heeled adults. he brought gourmet restaurants and high-end shopping to the strip. his hotels may be extravagant, but his business strategy is conservativ
>> encore cost nearly $2.3 billion, a risky bet in a bad economy. why, in this economic environment, would you open a hotel? >> well, i'll tell you right now that if i had any idea this-- i wouldn't, if i had a choice, but this project was started four years ago. these things have a huge lead time. >> the gambling industry has been battered by the recession and taken the city of las vegas down with it. some casinos stand half built. unemployment is over 10%. and while steve...
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Jun 18, 2013
06/13
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CNBC
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many, many developing economies where feminism has a role. thank you very much, diana. >> great to be with you. thanks for having me on. >> we're back right after this. my mantra? always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. co
many, many developing economies where feminism has a role. thank you very much, diana. >> great to be with you. thanks for having me on. >> we're back right after this. my mantra? always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer....
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Jun 17, 2013
06/13
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if they are looking through rose-colored glasses and thinking that the economy is in fact better off than it actually is and they make a policy decision as a result of the shaded view of what the real picture is, that's a problem. that's why i asked the question, that's all. >> i think the fed is in or around the market for the second half of the year. there's expected to be an acceleration. another thing we didn't talk about is the market's view and the fed's view about the impact of sequester. think so far the market has been re-evaluating that and expecting a little bit more growth and i think it's right to think that fed policy was oriented somewhat towards offsetting the sequester effects and to the extent that that's less it would make an argument for less qe in the months eye head when that becomes clear. >> good stuff as always, good to talk to you. >> steve liesman back at headquarters. >>> volatility has ruled the day lately. if our next guest is right, better get used to it. steven whiting is chief investment strategist for city wide bank. where do you weigh in on what hap
if they are looking through rose-colored glasses and thinking that the economy is in fact better off than it actually is and they make a policy decision as a result of the shaded view of what the real picture is, that's a problem. that's why i asked the question, that's all. >> i think the fed is in or around the market for the second half of the year. there's expected to be an acceleration. another thing we didn't talk about is the market's view and the fed's view about the impact of...
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Jun 20, 2013
06/13
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economy and to cisco? >> i think this is where the fed deserves a lot of credit in the last couple of years. we haven't done things with deficit spending and repatriation to stimulate the economy. the fed used all of the skills that they had. so you've got a track record of calling it right. if they believe it's time to slowly taper back a little bit, the main thing is the economy is in better shape. >> it's not tapering that you want, you want tax reform in the united states. you want to get that money which you have to hold off shore for u.s. jobs, yes? >> the u.s. tax system is broken. we've waited for years for it to come back. we're assuming that's not going to happen. we don't think that it's going to happen. that's why you see me traveling throughout asia pacific, throughout europe and you've seen the majority of our acquisitions in the past year in terms of the big ones, at least half over seas. >> you can't repay the try eight the $47 billion? >> i can't repay the try eight the $47 billion. i'm on
economy and to cisco? >> i think this is where the fed deserves a lot of credit in the last couple of years. we haven't done things with deficit spending and repatriation to stimulate the economy. the fed used all of the skills that they had. so you've got a track record of calling it right. if they believe it's time to slowly taper back a little bit, the main thing is the economy is in better shape. >> it's not tapering that you want, you want tax reform in the united states. you...
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Jun 19, 2013
06/13
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FOXNEWSW
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but chairman bernanke made it clear the fed could change its plans if the economy suffers any setbacks. home buyers might not like today's fed news, but for savers that suffered with low rates the last couple years, it could come as welcome relief. chris? >> thank you, peter. >>> there was plenty for the tea party to be mad at today. more than a thousand tea partiers gathered outside washington. a republican senator said the irs is set to pay $70 million in bonuses in defiance of a presidential order. mike emanuel tells us some people want to turn the tables on the tax man. >> reporter: on the west lawn of the capitol, more than a thousand tea party supporters and allies in congress called for the irs to be audited after conservative groups seeking tax exempt status received extra scrutiny. >> for targets of the irs, time to reverse it and target the irs. we're going to do it by dismantling the irs piece by piece. we are going to throw it overboard like a box of british tea. >> reporter: lois lerner, the irs official on paid leave after refusing to resign took heat for her role in targ
but chairman bernanke made it clear the fed could change its plans if the economy suffers any setbacks. home buyers might not like today's fed news, but for savers that suffered with low rates the last couple years, it could come as welcome relief. chris? >> thank you, peter. >>> there was plenty for the tea party to be mad at today. more than a thousand tea partiers gathered outside washington. a republican senator said the irs is set to pay $70 million in bonuses in defiance of...
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Jun 21, 2013
06/13
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tonight on "all in", if you still possess the ability to be shocked by the corruption that crashed our economy, then you're going to be shocked by the report "rolling stone" has for us tonight. that's coming up. also a shocking turn of events on the house floor as the house speaker brings crucial legislation to the floor and watches it go down in flames. i'll tell you why what's bad for john boehner is good for the
tonight on "all in", if you still possess the ability to be shocked by the corruption that crashed our economy, then you're going to be shocked by the report "rolling stone" has for us tonight. that's coming up. also a shocking turn of events on the house floor as the house speaker brings crucial legislation to the floor and watches it go down in flames. i'll tell you why what's bad for john boehner is good for the
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Jun 18, 2013
06/13
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we don't have the data strengthening the economy support we want or for the fed to walk away. finally, the fed said they would be committed and stick with the stimulus until we see the unemployment rate go under 6.5%. we're nowhere near. we actually upticked last month. that's why we think it's the lower end of the range, a buying opportunity in gold. >> so you think the fed is not going to back away, buy gold her. anthony, what kind of move to you think gold is going to make tomorrow in your view? >> jackie, i think it's completely wrong to buy gold her. this show is kaulgd futures and he's still looking at the past for decisions he's making on gold. the fed has been easing for a year and a half and gold has done nothing but drop. it's all about inflation, inflation according to that cpi number, jeff is right, doesn't exist at this point. it's even detached from the dollar which has shown weakness and gold is still lower right now. so i don't think it really matters what the fed does. if they continue their qe, it won't matter to gold. it's still going lower. if they decide t
we don't have the data strengthening the economy support we want or for the fed to walk away. finally, the fed said they would be committed and stick with the stimulus until we see the unemployment rate go under 6.5%. we're nowhere near. we actually upticked last month. that's why we think it's the lower end of the range, a buying opportunity in gold. >> so you think the fed is not going to back away, buy gold her. anthony, what kind of move to you think gold is going to make tomorrow in...
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Jun 17, 2013
06/13
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a year as much as 10 billion pounds in the uk economy. there are some concerns that the french might scoff at this because they want exceptionalism for their enterprises. elsewhere, some form of deal on tax evasion could be on the agenda. they're trying to get companies and individuals globally to have some sort of register of interest which will cut down on that avoidance and evasion well. shinzo abe in town explaining once again how japanese abenomic policies are aimed at the domestic economy and not destabilizing global currency markets, although it is noticeable ahead of this meeting there's been less rhetoric against the japanese than there was ahead of the recent g-20 which i attended in moscow. it's all to play for still here over the next 48 hours, ross. back to you. >> all right. that's steve with the latest from northern ireland. >>> u.s. markets after being down three out of the last four weeks called higher this morning at the hope as far as futures are concerned. the s&p 500 currently around 40 points. the nasdaq is about 31
a year as much as 10 billion pounds in the uk economy. there are some concerns that the french might scoff at this because they want exceptionalism for their enterprises. elsewhere, some form of deal on tax evasion could be on the agenda. they're trying to get companies and individuals globally to have some sort of register of interest which will cut down on that avoidance and evasion well. shinzo abe in town explaining once again how japanese abenomic policies are aimed at the domestic economy...
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Jun 21, 2013
06/13
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CNNW
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>> he said the economy -- >> why? >> they have this thing where you sell on the news and buy on the fear. they like to go out there and make a big stink when anything happens. bernanke said the economy is getting better so we'll stop buying bonds and plowing money into the economy. people said we've been used to this for five years. the fed is propping up the economy. >> interest rates will go up. >> they are. 2.4% today which is high compared to where it's been recently, historically low but high to where it's been. >> is there any sensible rational or is it taking money because they are greedy pigs? >> your phrase. there is never any sense to what wall street does, never. i said that before on this program. >> abby huntsman, do you have anything to say about the global economy? >> absolutely. i'm an expert on anything finance. the stock market goes up and down every day based on the news. i think to bring it back down to every indication shows we are moving in the right direction you look at the housing market, the
>> he said the economy -- >> why? >> they have this thing where you sell on the news and buy on the fear. they like to go out there and make a big stink when anything happens. bernanke said the economy is getting better so we'll stop buying bonds and plowing money into the economy. people said we've been used to this for five years. the fed is propping up the economy. >> interest rates will go up. >> they are. 2.4% today which is high compared to where it's been...
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Jun 20, 2013
06/13
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fo .4 of a percent is still way over the growth of economy. this is still a very unattractive rate on treasury securities here. >> of course, it is. but where is it historically? >> dividends are increasing 10 to 15% a year with yields that are now 2, 2.5%. i think that's a winning combination. >> schree? >> i would say in ten years it looks like a significant point to change right now. i look in the sharp term to have a deflation. that's what you're getting in terms of prices. so a 2.4% yield on the ten-year is an extremely attractive yield to go into. and so it doesn't become unattractive until you're well below 2%, so i would say the time to switch is today. >> can i just end this really quickly on a completely different topic, but it does tie into monetary policy. schree, i believe for the first time ever and now on national tv, you have switched and you're now a buyer. >> i am now a buyer. i accept from 2011, i said don't buy gold before it goes to 1300. again, it was a lonely call. there was nobody going with it. but now that we have gon
fo .4 of a percent is still way over the growth of economy. this is still a very unattractive rate on treasury securities here. >> of course, it is. but where is it historically? >> dividends are increasing 10 to 15% a year with yields that are now 2, 2.5%. i think that's a winning combination. >> schree? >> i would say in ten years it looks like a significant point to change right now. i look in the sharp term to have a deflation. that's what you're getting in terms of...
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Jun 16, 2013
06/13
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they're against it on the economy. they're against it in terms of their protection in civil liberties. this is a new moment in american politics. >> let me just say, gregg, doug a democrat with bill clinton, pat with a democrat with a lot of people going back to jimmy carter and i'm a conservative republican. we've come together realizing what we share is that the political machine in america is completely corrupt and completely -- >> it's broken. >> and it has to be changed. >> by people throwing it all out. >> ben rhodes, an assistant national security advisor, not technically nsa, only reportable to the president who actually broke the news about syria and it wasn't much news. gentlemen, thank you very much. our political insiders, you can catch them every monday at 10:30 a.m. eastern live. they'll of course be back here next sunday. also, follow them on twitter. heather. >>> well, did you forget to grab dad a gift this father's day? it's not too late. coming up, we will tell you about the perfect gift that is guara
they're against it on the economy. they're against it in terms of their protection in civil liberties. this is a new moment in american politics. >> let me just say, gregg, doug a democrat with bill clinton, pat with a democrat with a lot of people going back to jimmy carter and i'm a conservative republican. we've come together realizing what we share is that the political machine in america is completely corrupt and completely -- >> it's broken. >> and it has to be changed....
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Jun 20, 2013
06/13
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KQED
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the basic economy around the world is okay. the u.s. is growing somewhere around 2.5%. >> rose: better than europe but not as good as china. >> and purpose's pretty much hit the bottom where it's going to go. it's gather no net gross now and asia has slowed down. it's getting close to a bottom, and we'll have global growth somewhere in the 3.5%, 3.75% zone. so we're not looking at things going backwards. potentially a little bit in asia with you there's still plenty of growth there. china for example, escort of a worst case most people look at would be 6 to 7. the chinese themselves are thinking 7 to 8 to just be not put a precise point to it. any time you have major countries growing at that level, somebody may be critical, it's a little slower than the old 9 or 10 but it's still remarkable. so the overall environment isn't as pessimistic if you will, as it's been. u.s. in particular is quite interesting because we have a revolution going on in the energy business in the united states, which is presenting -- >> rose: what impact on the
the basic economy around the world is okay. the u.s. is growing somewhere around 2.5%. >> rose: better than europe but not as good as china. >> and purpose's pretty much hit the bottom where it's going to go. it's gather no net gross now and asia has slowed down. it's getting close to a bottom, and we'll have global growth somewhere in the 3.5%, 3.75% zone. so we're not looking at things going backwards. potentially a little bit in asia with you there's still plenty of growth there....
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Jun 19, 2013
06/13
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economy? where is it? >> the fed has been above consensus of everybody in where the economy is. >> but where is the strength? i feel better against europe and china. >> and oil and gas. >> and the unemployment numbers from those districts are amazing. >> and the housing and the ripple effect that you have pointed out from housing many times. >> and nordstroms. >> and autos doing pretty well. >> restoration hardware. and housing, we could use 2 million homes. you are right. you are right. i'm saying that if you are the fed and say 6.5% unemployment, we are not there. >> we are not there yet. but we may be getting there. taking a look at the futures. >> well, quickly, the banks, jim, that you said are the most impornt sector to keep an eye on, and they are lower this morning by a half percent. >>le with, people are not buying my rap on that stuff. banks are too high, and this guy who is a pop-off jamie dimon said that the rates he will do $2 billion more with the higher rates, but who is he? who
economy? where is it? >> the fed has been above consensus of everybody in where the economy is. >> but where is the strength? i feel better against europe and china. >> and oil and gas. >> and the unemployment numbers from those districts are amazing. >> and the housing and the ripple effect that you have pointed out from housing many times. >> and nordstroms. >> and autos doing pretty well. >> restoration hardware. and housing, we could use 2...
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which is the the normal side of things in a healthy economy and the deadly side of things when you have a cancer like an asset bubble this is going to cause that's meaning that demands exceeds income when you start having this decline in people liquidating the debt then demand is less than income and the economy can go into a permanent slump and that's again this is japan does cameron want to britain into another japan it looks like with this policy he does without even knowing that he's doing it which is why is it that we must buy certain saudis brian. steve came chancellor of the exchequer george osborne says he wants to reduce debt in britain while simultaneously line thing help the bison which is an increase in debt so my simple question is is the chancellor lying i think the chancellor like most politicians is focusing on the level of government debt not on the level of household and profit and i think that's the real problem the cause of this process was an out of control private banking sector lending to the private sector to encourage it to speculate on assets even though it may
which is the the normal side of things in a healthy economy and the deadly side of things when you have a cancer like an asset bubble this is going to cause that's meaning that demands exceeds income when you start having this decline in people liquidating the debt then demand is less than income and the economy can go into a permanent slump and that's again this is japan does cameron want to britain into another japan it looks like with this policy he does without even knowing that he's doing...
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480
Jun 18, 2013
06/13
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CNNW
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. yeah... try new alka seltzer fruit chews. they work fast on heartburn and taste awesome. these are good. told ya! i'm feeling better already. [ male announcer ] new alka seltzer fruits chews. enjoy the relief! [ male announcer ] new alka seltzer fruits chews. we know it's your videoconference of the day. hi! hi, buddy! that's why the free wifi and hot breakfast are something to smile about. book a great getaway now and feel the hamptonality where over seventy-five percent of store management started as i'm the next american success story. working for a company hourly associates. there's opportunity here. i can use walmart's education benefits to get a degree, maybe work in it, or be an engineer, helping walmart conserve energy. even today, when our store does well, i
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. yeah... try new alka seltzer fruit chews. they work fast on heartburn and taste awesome. these are good. told ya! i'm feeling better already. [ male announcer ] new alka seltzer fruits chews. enjoy the...
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Jun 22, 2013
06/13
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also that a path to citizenship will boost the economy and strengthen social security. my point being is, many of these arguments have been undermined. at the same time, there seems to be a strain within the republican party that doesn't really care about the sort of national picture and the importance of the latino vote, potentially. >> well, that is true. it depends on where you are. that's why we have 435 voting districts that you, that people have to represent their people. congresswoman sanchez's district is slightly different than king's district in iowa, to be ironic about it. so, but, the question really is, how many of the, not putting aside the stridency for a moment, how many votes will the, the extreme anti-immigration group carry? i mean, i don't know anybody. i've been up here a long time, i don't know anybody that sits around waiting around to see what steve king is going to do before they decide. this is a complicated issue and, you know, it wouldn't surprise me if this thing sort of dragged along until next march or april. congresswoman, sanchez, when t
also that a path to citizenship will boost the economy and strengthen social security. my point being is, many of these arguments have been undermined. at the same time, there seems to be a strain within the republican party that doesn't really care about the sort of national picture and the importance of the latino vote, potentially. >> well, that is true. it depends on where you are. that's why we have 435 voting districts that you, that people have to represent their people....
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Jun 21, 2013
06/13
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they are more credit sensitive, and steve just mentioned, hey, we think that the economy is going to continue to go along quite well. you're not going to have bankruptcies in high yield and even slow growth will alol two companies to continue to chug along pay a much higher interest rate now than what they were a couple of weeks ago, and it really represents, we think, probably the best value out there in fixed income. >> we're making this a very actionable friday, okay, so our viewers, maybe they believe, what do i do? i can't go out and buy a double p-minus corporate credit? what's the easiest way for the audience to play what you're saying? >> certainly can you go to a managed high-yield fund and go to an etf and our concerns with an etf, being an adviser and manager, is you can't really distinguish good bonds from bad bonds and there are good bonds out there in junk land so find an adviser you can trust who has a fund that's well diversified in high yield. play there. >> meantime, steve, you've been telling everybody out there to sell every single bond they have. >> right. i mean
they are more credit sensitive, and steve just mentioned, hey, we think that the economy is going to continue to go along quite well. you're not going to have bankruptcies in high yield and even slow growth will alol two companies to continue to chug along pay a much higher interest rate now than what they were a couple of weeks ago, and it really represents, we think, probably the best value out there in fixed income. >> we're making this a very actionable friday, okay, so our viewers,...
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economy do you think steve game well i think it's one of somebody's going to do first of all is drag people into the market who wouldn't otherwise be able to get in there and what that does is it increases the supply. so i call it and it's not helped to help to guide silk to sell because the people who are on the float their properties suddenly get a whole new bunch of people in there with money in their pockets and the money in the pockets comes from two sources not just from the government handing out money to people and saying his five percent or twenty percent of thing is some cases and spend it plays they don't go to the banks and the banks leave that up even more all and if the banks stayed at the sort of money we know that they lock to do you know ninety five percent lead to valuation ratios and things like that they might multiply that money by a factor of four or five that does boost the whole economy it is more cash in circulation it's more demand it does drive up as it crosses and people who sell their houses can go shopping for them as ideas benz's and and so on so it doe
economy do you think steve game well i think it's one of somebody's going to do first of all is drag people into the market who wouldn't otherwise be able to get in there and what that does is it increases the supply. so i call it and it's not helped to help to guide silk to sell because the people who are on the float their properties suddenly get a whole new bunch of people in there with money in their pockets and the money in the pockets comes from two sources not just from the government...
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Jun 17, 2013
06/13
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rohani called for moderation and for reviving iran's economy. in recent years, international sanctions aimed at rean's nuclear program helped fuel rising inflation and high unemployment. rohani presided over nuclear talks with the west between 2003 and 2005. but today the president elect was not support ceasing iranian enrichment. >> we will make nuclear talks more active. this is a problem. solution to the nuclear problem is just talks. neither threats nor sanctions will work. >> ifill: he left open the door to improving relations with the united states. >> the problem complicated and difficult. there's an old wound that should be dealt with with prudence. of course we are not seeking tension or increase can the tension. common sense says our two countries should think about the future more than the past. >> u.s. officials cautiously welcomed rohani's victory but state department spokeswoman said the obama administration wants to see more. >> we look forward to him and are hopeful that he will fulfill the campaign promises he made to the irania
rohani called for moderation and for reviving iran's economy. in recent years, international sanctions aimed at rean's nuclear program helped fuel rising inflation and high unemployment. rohani presided over nuclear talks with the west between 2003 and 2005. but today the president elect was not support ceasing iranian enrichment. >> we will make nuclear talks more active. this is a problem. solution to the nuclear problem is just talks. neither threats nor sanctions will work. >>...
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Jun 18, 2013
06/13
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economy would not only be a stall on the u.s. economy as we see the policies set be i the fed are being imitated this is what draggy has been doing in europe and in japan. i many own sense is that for a short period of time, probably another two or three quarters. it's important for america to continue to provide the leadership that will allow a global recovery to occur. then we do have to get on with the business of solving structural issues. i don't think it will be easier to solve structural issues if we find ourselves back in the state in the recovery we currently have is going to be questioned. >> i think that's right nevada the confidence fa we node to keep if economy going seems to be correlated to the market's perception of what the fed is doing. and maybe we're surprised by that a little bit because the fundamentals shouldn't be so checked. but the pact is, they are. the psychology, the canesian animal spirits, if you will, seem to be realed to the market's reactions to where the fed is on the issue. and i think what you
economy would not only be a stall on the u.s. economy as we see the policies set be i the fed are being imitated this is what draggy has been doing in europe and in japan. i many own sense is that for a short period of time, probably another two or three quarters. it's important for america to continue to provide the leadership that will allow a global recovery to occur. then we do have to get on with the business of solving structural issues. i don't think it will be easier to solve structural...